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Thursday 28th of August 2008
May 29, 2007

Asian, European equities mixed on session


by Elaine Frei
Asian, European equities mixed on session

Most Asian and Pacific equities markets were higher on Tuesday. The main exception was the Hang Seng index in Hong Kong, which dropped 0.29 percent to 20,469.59. Elsewhere, the Straits Times index in Singapore added 0.36 percent to 3,527.08, while in India the Sensex was up 0.77 percent to 14,508.21 and in Australia the Sydney Ordinaries gained 1.02 percent to 6,338.8.

In Tokyo an unexpected drop in unemployment helped the Nikkei 225 climb 0.5 percent to 17,672.56 and the Topix index was 0.8 percent higher to 1,737.9, while the Mothers market of small and mid-caps gained 1.8 percent to 837.26.

European equities markets were mostly higher on the session. The Paris CAC-40 was the exception; it dropped 0.25 percent to 6,056.39. But the FTSE Eurofirst 300 added 0.1 percent to 1,601, while the IBEX gained 0.42 percent to 15,188.6 in Spain and in Frankfurt the Dax was 0.54 percent higher to 7,781.04. In London, the FTSE 100 added 0.55 percent to 6,606.5 and the FTSE 250 gained 0.41 percent to 12,106.7.

Wall Street was higher at midday. The Dow Jones Industrial Average had added 0.1 percent to 13,525, while the Nasdaq Composite gained 0.6 percent to 2,573.52 and the S&P 500 was up 0.2 percent to 1,519.35.

Crude oil prices were significantly lower after a strike in Nigeria ended, while metals prices were mixed on the session.

The euro and the Canadian dollar both strengthened, while the yen traded even after losing early advances. Meanwhile, US Treasury bond prices were lower and yields higher again after an auction of two-year paper disappointed.

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